Common use of RESPONSIBILITY OF THE AGENTS Clause in Contracts

RESPONSIBILITY OF THE AGENTS. The duties and obligations of the Agents under this Agreement are only those expressly set forth in this Agreement. Each of the Agents shall be entitled to assume that no Default or Event of Default has occurred and is continuing unless it has actual knowledge, or has been notified by the Borrower, of such fact, or has been notified by a Lender that such Lender considers that a Default or an Event of Default has occurred and is continuing, and such Lender shall specify in detail the nature thereof in writing. None of the Agents shall be liable to any of the Lenders hereunder for any action taken or omitted to be taken except for its own gross negligence or willful misconduct. The Administrative Agent shall provide each Lender with copies of such documents received from the Borrower as such Lender may reasonably request.

Appears in 5 contracts

Samples: Loan Agreement (Cablevision Systems Corp /Ny), Loan Agreement (Cablevision Systems Corp /Ny), Loan Agreement (CSC Holdings Inc)

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RESPONSIBILITY OF THE AGENTS. The duties and obligations of each of the Agents under this Agreement and the Security Documents are only those expressly set forth in this AgreementAgreement and the Security Documents. Each of the Agents shall be entitled to assume that no Default or Event of Default has occurred and is continuing unless it has actual knowledge, or has been notified by the Borrower, of such fact, or has been notified by a Lender in writing that such Lender considers that a Default or an Event of Default has occurred and is continuing, and such Lender shall specify in detail the nature thereof in writing. None of the Agents shall be liable to any of the Lenders hereunder for any action taken or omitted to be taken except for its own gross negligence or willful misconduct. The Administrative Agent shall provide promptly each Lender of the Lenders with copies of such documents received from the Borrower as such Lender may reasonably request.

Appears in 3 contracts

Samples: Credit Agreement (Spectrasite Inc), Credit Agreement (Spectrasite Holdings Inc), Ziff Davis Intermediate Holdings Inc

RESPONSIBILITY OF THE AGENTS. The duties and obligations of the Agents under this Agreement are only those expressly set forth in this Agreement. Each of the Agents shall be entitled to assume that no Default or Event of Default has occurred and is continuing unless it has actual knowledge, or has been notified by the BorrowerBorrowers, of such fact, or has been notified by a Lender that such Lender considers that a Default or an Event of Default has occurred and is continuing, and such Lender shall specify in detail the nature thereof in writing. None of the Agents shall be liable to any of the Lenders hereunder for any action taken or omitted to be taken except for its own gross negligence or willful misconduct. The Administrative Agent shall provide each Lender with copies of such documents received from the Borrower Borrowers as such Lender may reasonably request.

Appears in 2 contracts

Samples: Loan Agreement (CSC Holdings Inc), Loan Agreement (CSC Holdings Inc)

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RESPONSIBILITY OF THE AGENTS. The duties and obligations of ---------------------------- each of the Agents under this Agreement and the Security Documents are only those expressly set forth in this AgreementAgreement and the Security Documents. Each of the Agents shall be entitled to assume that no Default or Event of Default has occurred and is continuing unless it has actual knowledge, or has been notified by the Borrower, of such fact, or has been notified by a Lender in writing that such Lender considers that a Default or an Event of Default has occurred and is continuing, and such Lender shall specify in detail the nature thereof in writing. None of the Agents shall be liable to any of the Lenders hereunder for any action taken or omitted to be taken except for its own gross negligence or willful misconduct. The Administrative Agent shall provide promptly each Lender of the Lenders with copies of such documents received from the Borrower as such Lender may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Etesting Labs Inc)

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